the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

Mergers and acquisitions (M&A) is the dominant form of Foreign Direct Investment (FDI), but has received but scarce …' argument would suggest. It also shows how private and social incentives for M&A may differ for weak merger synergies, but …

This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an …

Anticompetitive mergers increase competitors' profits, since they reduce competition. Using a model of endogenous … mergers, we show that such mergers nevertheless may reduce the competitors' share-prices. Thus, event-studies can not detect … anti-competitive mergers. …

theoretical and empirical studies of mergers and merger control. Next, we review the current legal practice in seven OECD …The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into … account efficiency gains from horizontal mergers, and balance these gains against the anti-competitive effects of mergers? If …

's ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets …

Rahmenbedingungen würde eine simple Fusion der bestehenden Institute bloß zu einer Megabank mit Megaproblemen führen. Denn …

We examine the profitability and social efficiency of horizontal mergers in a Cournot oligopoly with decreasing average … costs. Assuming the merger allows for a reduction in the total amount of fixed costs, we identify the conditions under which … the merger is, respectively, profitable and socially desirable. There exists an admissible parameter range wherein the …